Vostok Investments bought Baring Vostok’s share in the Ozon marketplace – Kommersant
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Investment holding Vostok Investments bought a 28% stake in the Ozon marketplace (MOEX: OZON) from the funds of the Baring Vostok family. As a result of the transaction, the holding acquired 59,830,028 ordinary shares and 1 class A share, the marketplace’s press service reported.
“A team of investment specialists led by Elena Ivashentseva, Chairman of the Board of Directors of Ozon and former senior partner of Baring Vostok, owns and controls the Vostok Investments holding,” the statement says. message.
In the summer of 2023, the Ozon marketplace announced that the company plans to change jurisdiction from Cyprus to Russia. This decision was explained by the desire of the holding structure to be “as close as possible” to the operating legal entities in Russia. In early February, Russian President Vladimir Putin allowed transactions with foreign-controlled shares of the Renaissance Insurance group and Ozon. No other permits are required to carry out transactions.
On the refusal of Russian companies from foreign jurisdiction – in the material of Kommersant “Poor lawyers”.
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